Skin in the game: Debt funds and hybrid funds

Debt mutual fund schemes have been in the news for a variety of reasons, like rising yields, the IL&FS exposure, etc. When mark-downs happen and NAVs fall, AMCs' board of directors, fund managers and other key managerial personnel are also affected because they also hold stakes in the concerned funds. We looked at debt-oriented and hybrid schemes with assets of at least Rs 10,000 crore to find out what is the skin in the game. Read on to know the findings. Till debt do us apart In the 28 debt schemes with at least Rs 10,000 crore assets, AMC board members, fund managers and